Social security late fee calculator

Payment of social insurance premiums is calculated according to the time of arrears. According to the provisions of the Social Insurance Law, if an employer fails to pay social insurance premiums in full and on time, the social insurance premium collection agency shall order it to pay or make up for it within a time limit, and from the date of default, an overdue fine of 0.5% shall be added on a daily basis.

Legal objectivity:

Article 86 of "People's Republic of China (PRC) Social Insurance Law" * * * If the employer fails to pay the social insurance premium in full and on time, the social insurance premium collection agency shall order it to pay it within a time limit or make up for it, and from the date of default, an overdue fine of 0.5% shall be charged on a daily basis; Failing to pay within the time limit, the relevant administrative departments shall impose a fine of more than one time and less than three times the amount owed.